How much cash will be advanced against my accounts receivable?
BlueSquare Health will lend between 50-80% against estimated recoveries of the accounts receivable being financed. Recoveries will be determined using our proprietary software to assess the claim based on past payments on similar claims.
What is the rate?
The rate is typically between 1-3% per month depending on your hospital’s credit profile.
How soon will I get the funds?
Once we have received all information needed to make an educated credit decision, you will have a response within 7 business days. Funds will be paid within 1-2 days after a decision has been made.
Do I have to sell all my claims?
No. The decisions are made on a payer by payer basis.
What happens when payment is received on the financed accounts?
Once a payment is received, BlueSquare Health will reclaim the advanced amount and any fees before returning any excess monies received to the client.